In a twist worthy of a theatrical farce, the illustrious White House AI and crypto czar, David Sacks, has declared with a flourish that he holds not a single shiny crypto coin. Indeed, he sold every last one before the grand spectacle of US President Donald Trump’s inauguration. What a plot twist! 🎭
“I sold all my cryptocurrency (including BTC, ETH, and SOL) prior to the start of the administration,” Sacks proclaimed on X, as if announcing the arrival of a new season of a soap opera, on the fateful day of March 2. 📅
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In a previous post, Sacks waxed poetic about President Trump “keeping his promise to make the US the Crypto Capital of the World,” following the announcement of a strategic crypto reserve on March 2. A promise, indeed! 🏛️
Mark your calendars! President Trump will host the inaugural White House Crypto Summit on March 7, gathering industry leaders and executives to discuss regulations, stablecoins, and the proposed US crypto reserve. Sounds like a party! 🎉
Meanwhile, Eric Trump, the son of the President, expressed his admiration for the “genius” of announcing a strategic reserve on a Sunday, when traditional markets are closed and Wall Street is in a deep slumber. What a clever ruse! 😴
“For the first time, retail investors win!” he exclaimed, as crypto markets soared 12% in response to the announcement. “Traditional finance better catch up, or it will quickly become extinct,” he added, as if predicting the end of an era. 📉
Anthony Pompliano, the founder and CEO of Professional Capital Management, chimed in, declaring it “objectively hilarious” that Trump announced a crypto strategic reserve while Wall Street remains shackled by its antiquated hours of operation. Oh, the irony! 😂
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2025-03-03 09:06